Re:Reasons the banking crisis isn’t a repeat of 2008
by riffraff on Saturday March 25, 2023 @05:09AM
(#35300869)
Italy for example (second exporter in Europe, tenth by GDP in the world) has notorious issues with its legal system (for a variety of reasons) where trial may take many years to be concluded.
Re:Reasons the banking crisis isn’t a repeat of 2008
by dtech on Saturday March 25, 2023 @06:19AM
(#35301224)
That export sounds like a suspicious claim, do you have sources? afaik DE, FR and NL are much bigger exporters, and a random Google result seems to back that, placing Italy 5th in EU absolutely and almost last by GDP [1] [2]
[1] https://data.worldbank.org/indicator/NE.EXP.GNFS.KD?location...
[2] https://data.worldbank.org/indicator/NE.EXP.GNFS.ZS?location...
Re:Reasons the banking crisis isn’t a repeat of 2008
by riffraff on Sunday March 26, 2023 @10:52AM
(#35315062)
You're right, I don't know where I got that factoid. Perhaps it was an industrial goods only statistic? I can't find it anyway now, so I may have just misremembered it.
Re:Reasons the banking crisis isn’t a repeat of 2008
by wodenokoto on Saturday March 25, 2023 @12:56PM
(#35304545)
Wow, I stand corrected. Italy is scoring terribly. Somehow I thought “the old guard in EU are okay”
Contenders, in my mind:
- China, second largest economy, but generally still considered developing, so I don't think it counts as "advanced"
- Russia? They've been a big player in the world economy long enough it is hard to call it a developing country.